Jane Street Group LLC lessened its stake in shares of FTC Solar, Inc. (NASDAQ:FTCI - Free Report) by 73.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,090 shares of the company's stock after selling 71,681 shares during the quarter. Jane Street Group LLC owned about 0.20% of FTC Solar worth $144,000 at the end of the most recent reporting period.
Analysts Set New Price Targets
FTCI has been the subject of several recent analyst reports. Roth Mkm lifted their price target on FTC Solar from $3.00 to $3.50 and gave the company a "neutral" rating in a report on Friday, May 2nd. HC Wainwright lifted their target price on FTC Solar from $1.50 to $5.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. UBS Group lowered their price target on FTC Solar from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Roth Capital set a $3.00 price objective on FTC Solar in a report on Tuesday, April 1st.
View Our Latest Analysis on FTCI
Insiders Place Their Bets
In related news, Director Ahmad R. Chatila bought 16,740 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $2.93 per share, for a total transaction of $49,048.20. Following the completion of the purchase, the director now owns 1,984,708 shares in the company, valued at $5,815,194.44. This represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.90% of the stock is currently owned by insiders.
FTC Solar Stock Up 2.3%
Shares of FTC Solar stock traded up $0.10 during trading hours on Tuesday, hitting $4.50. The company's stock had a trading volume of 44,481 shares, compared to its average volume of 266,863. The business has a fifty day moving average of $3.37 and a 200 day moving average of $3.49. FTC Solar, Inc. has a 1-year low of $1.76 and a 1-year high of $7.40. The company has a market capitalization of $58.88 million, a PE ratio of -1.18 and a beta of 1.35.
About FTC Solar
(
Free Report)
FTC Solar, Inc engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name.
Further Reading
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